{"id":113426,"date":"2024-02-22T18:30:19","date_gmt":"2024-02-22T18:30:19","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=113426"},"modified":"2024-02-22T08:46:00","modified_gmt":"2024-02-22T08:46:00","slug":"us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues","title":{"rendered":"US chipmaker Nvidia posts record quarterly, full-year revenues"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>US-based global chipmaker Nvidia posted record quarterly and full-year revenues with booming demand for artificial intelligence (AI), according to its financial results statement released late Wednesday.<\/p>\n

The California-based company posted record revenue of $22.1 billion for the fourth quarter ended Jan. 28, 2024, up 265% from $6.05 billion in the same period of the previous year.<\/p>\n

Total revenue for the full fiscal year of 2024 came in at a record high of $60.9 billion — up 126% from almost $27 billion in the full fiscal year of 2023.<\/p>\n

The company said it also saw record quarterly Data Center revenue of $18.4 billion, which soared 409% from the same period of the year before.<\/p>\n

Full-year Data Center revenue, in addition, rose 217% during the same period to also reach a record level of $47.5 billion, said the statement.<\/p>\n

Net income, meanwhile, soared a massive 769% to almost $12.3 billion in the fourth quarter ended January this year from approximately $1.4 billion in the same period of last year.<\/p>\n

The record financial results came as demand for AI is booming globally.<\/p>\n

While over 40,000 firms use Nvidia’s graphics processing units (GPUs) for AI, its products are used by data scientists, application developers and software engineers that work with generative AI.<\/p>\n

The company said in the statement that it has unveiled plans with digital communications tech conglomerate Cisco Systems to help enterprises quickly and easily deploy and manage secure AI infrastructure.<\/p>\n

The firm added that it also supported the National Artificial Intelligence Research Resource pilot program, a major step by the US government toward a shared national research infrastructure.<\/p>\n

Google announced earlier Wednesday that it has partnered with Nvidia to optimize Gemma, its new family of open-source AI models for Nvidia’s GPUs.<\/p>\n

Amid the strong financial results, Nvidia shares jumped 10% to $741.89 per share on the Nasdaq in after-hours trading, after closing Wednesday at $674.72 a share.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. US-based global chipmaker Nvidia posted record quarterly and full-year revenues with booming demand for artificial intelligence (AI), according to its financial results statement released late Wednesday. The California-based company posted record revenue of $22.1 billion for the fourth quarter ended Jan. 28, 2024, up 265% from $6.05 billion in the same period […]<\/p>\n","protected":false},"author":84,"featured_media":113425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[6857,7003,8402,6891,544,11737,4431],"class_list":["post-113426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-kenya","tag-ai","tag-artificial-intelligence","tag-kenya","tag-nvidia","tag-revenues"],"yoast_head":"\nUS chipmaker Nvidia posts record quarterly, full-year revenues - kenya<\/title>\n<meta name=\"description\" content=\"US-based global chipmaker Nvidia posted record quarterly and full-year revenues with booming demand for artificial intel ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US chipmaker Nvidia posts record quarterly, full-year revenues\" \/>\n<meta property=\"og:description\" content=\"US-based global chipmaker Nvidia posted record quarterly and full-year revenues with booming demand for artificial intel ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-22T18:30:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/02\/sm_1708578766.249587.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"US chipmaker Nvidia posts record quarterly, full-year revenues\",\"datePublished\":\"2024-02-22T18:30:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues\"},\"wordCount\":316,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/02\/sm_1708578766.249587.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"AI\",\"Artificial Intelligence\",\"Kenya\",\"Nvidia\",\"Revenues\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/us-chipmaker-nvidia-posts-record-quarterly-full-year-revenues\",\"name\":\"US chipmaker Nvidia posts record quarterly, full-year revenues - 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